Energy Finance and Economics

Analysis and Valuation, Risk Management, and the Future of Energy
Author: Betty Simkins,Russell Simkins
Publisher: John Wiley & Sons
ISBN: 1118235983
Category: Business & Economics
Page: 624
View: 6634
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Thought leaders and experts offer the most current information and insights into energy finance Energy Finance and Economics offers the most up-to-date information and compelling insights into the finance and economics of energy. With contributions from today's thought leaders who are experts in various areas of energy finance and economics, the book provides an overview of the energy industry and addresses issues concerning energy finance and economics. The book focuses on a range of topics including corporate finance relevant to the oil and gas industry as well as addressing issues of unconventional, renewable, and alternative energy. A timely compendium of information and insights centering on topics related to energy finance Written by Betty and Russell Simkins, two experts on the topic of the economics of energy Covers special issues related to energy finance such as hybrid cars, energy hedging, and other timely topics In one handy resource, the editors have collected the best-thinking on energy finance.

The World Scientific Handbook Of Futures Markets


Author: Malliaris Anastasios G,Ziemba William T
Publisher: World Scientific
ISBN: 9814566934
Category: Business & Economics
Page: 844
View: 6897
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The World Scientific Handbook of Futures Markets serves as a definitive source for comprehensive and accessible information in futures markets. The emphasis is on the unique characteristics of futures markets that make them worthy of a special volume. In our judgment, futures markets are currently undergoing remarkable changes as trading is shifting from open outcry to electronic and as the traditional functions of hedging and speculation are extended to include futures as an alternative investment vehicle in traditional portfolios. The unique feature of this volume is the selection of five classic papers that lay the foundations of the futures markets and the invitation to the leading academics who do work in the area to write critical surveys in a dozen important topics.

Political and Investment Risk in the International Oil and Gas Industry


Author: Steven A. Mucci
Publisher: Lexington Books
ISBN: 1498546137
Category: Political Science
Page: 232
View: 569
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This book examines the legal, financial, and institutional strategies available to the international oil and gas industry to protect against political and investment risk. It traces the historical development of these techniques and their application in practice.

Fuel Hedging and Risk Management

Strategies for Airlines, Shippers and Other Consumers
Author: Simo M. Dafir,Vishnu N. Gajjala
Publisher: John Wiley & Sons
ISBN: 111902675X
Category: Business & Economics
Page: 250
View: 5893
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A hands-on guide to navigating the new fuel markets Fuel Hedging and Risk Management: Strategies for Airlines, Shippers and Other Consumers provides a clear and practical understanding of commodity price dynamics, key fuel hedging techniques, and risk management strategies for the corporate fuel consumer. It covers the commodity markets and derivative instruments in a manner accessible to corporate treasurers, financial officers, risk managers, commodity traders, structurers, as well as quantitative professionals dealing in the energy markets. The book includes a wide variety of key topics related to commodities and derivatives markets, financial risk analysis of commodity consumers, hedge program design and implementation, vanilla derivatives and exotic hedging products. The book is unique in providing intuitive guidance on understanding the dynamics of forward curves and volatility term structure for commodities, fuel derivatives valuation and counterparty risk concepts such as CVA, DVA and FVA. Fully up-to-date and relevant, this book includes comprehensive case studies that illustrate the hedging process from conception to execution and monitoring of hedges in diverse situations. This practical guide will help the reader: Gain expert insight into all aspects of fuel hedging, price and volatility drivers and dynamics. Develop a framework for financial risk analysis and hedge programs. Navigate volatile energy markets by employing effective risk management techniques. Manage unwanted risks associated with commodity derivatives by understanding liquidity and credit risk calculations, exposure optimization techniques, credit charges such as CVA, DVA, FVA, etc.

Implementing Enterprise Risk Management

Case Studies and Best Practices
Author: John Fraser,Betty Simkins,Kristina Narvaez
Publisher: John Wiley & Sons
ISBN: 111874618X
Category: Business & Economics
Page: 688
View: 9624
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Overcome ERM implementation challenges by taking cues from leading global organizations Implementing Enterprise Risk Management is a practical guide to establishing an effective ERM system by applying best practices at a granular level. Case studies of leading organizations including Mars, Statoil, LEGO, British Columbia Lottery Corporation, and Astro illustrate the real-world implementation of ERM on a macro level, while also addressing how ERM informs the response to specific incidents. Readers will learn how top companies are effectively constructing ERM systems to positively drive financial growth and manage operational and outside risk factors. By addressing the challenges of adopting ERM in large organizations with different functioning silos and well-established processes, this guide provides expert insight into fitting the new framework into cultures resistant to change. Enterprise risk management covers accidental losses as well as financial, strategic, operational, and other risks. Recent economic and financial market volatility has fueled a heightened interest in ERM, and regulators and investors have begun to scrutinize companies' risk-management policies and procedures. Implementing Enterprise Risk Management provides clear, demonstrative instruction on establishing a strong, effective system. Readers will learn to: Put the right people in the right places to build a strong ERM framework Establish an ERM system in the face of cultural, logistical, and historical challenges Create a common language and reporting system for communicating key risk indicators Create a risk-aware culture without discouraging beneficial risk-taking behaviors ERM is a complex endeavor, requiring expert planning, organization, and leadership, with the goal of steering a company's activities in a direction that minimizes the effects of risk on financial value and performance. Corporate boards are increasingly required to review and report on the adequacy of ERM in the organizations they administer, and Implementing Enterprise Risk Management offers operative guidance for creating a program that will pass muster.

Energieökonomik

Theorie und Anwendungen
Author: Georg Erdmann,Peter Zweifel
Publisher: N.A
ISBN: 9783642323522
Category:
Page: 400
View: 7300
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Das Risiko und sein Preis

Skin in the Game
Author: Nassim Nicholas Taleb
Publisher: Verlagsgruppe Random House GmbH
ISBN: 3641234522
Category: Social Science
Page: 384
View: 2723
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Warum wir nur denen vertrauen sollten, die etwas zu verlieren haben Stehen wir für die Risiken ein, die wir verursachen? Zu viele der Menschen, die auf der Welt Macht und Einfluss haben, so Nassim Nicholas Taleb, müssen nicht wirklich den Kopf hinhalten für das, was sie tun und veranlassen. Intellektuelle, Journalisten, Bürokraten, Banker, ihnen vor allem wirft er vor, kein »Skin in the Game« zu haben. Weil sie den Preis nicht bezahlen müssen, wenn sie irren, fällen sie schlechte Entscheidungen. Taleb zeigt anhand vieler Beispiele, wie »Skin in the Game«, ein fundamentales Konzept des Risikomanagements, auf alle Bereiche unseres Lebens übertragen werden kann. Sein neues Buch, so provozierend und bahnbrechend wie »Der Schwarze Schwan«, fordert uns heraus, alles, was wir über Risiko und Verantwortung in Politik, Wirtschaft und Gesellschaft zu wissen glauben, neu zu denken.

Die Essays von Warren Buffett

das Buch für Investoren
Author: Warren Buffett
Publisher: N.A
ISBN: 9783898790864
Category:
Page: 299
View: 3824
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Die 24 wichtigsten Regeln der Wirtschaft


Author: Henry Hazlitt
Publisher: FinanzBuch Verlag
ISBN: 3862485935
Category: Business & Economics
Page: 272
View: 8794
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In kaum einem Bereich spuken so viele Irrtümer herum wie in der Ökonomie. Zudem sind sie so weit verbreitet, dass sie als gültige Lehrmeinung angesehen werden. Themen wie staatliche Zinsmanipulation, Sparen, Inflation, Mindestlöhne oder Branchenrettung, wie die der Banken, sind aktueller und missverstandener denn je. Deshalb ist es wichtig zu wissen, was wirklich hinter den Begriffen steckt, wie sie zusammenwirken und welche praktischen Folgen (staatliche) Eingriffe haben. Niemand könnte ein Verständnis wirtschaftlicher Grundlagen besser vermitteln als Henry Hazlitt. Als einer der ganz Großen der Österreichischen Schule wird er in einem Atemzug mit Mises, Hayek und Rothbard genannt. Seine Begabung für elegante, populäre Darstellungen wirtschaftlicher Zusammenhänge haben dieses Buch entstehen lassen. In 24 kurzweiligen Kapiteln vermittelt er sein umfassendes Wissen, von Steuern über die Idee der Vollbeschäftigung bis zu Preisen und Inflation. Die 24 wichtigsten Regeln der Wirtschaft, ein Klassiker der Ökonomie jetzt auf Deutsch und heute noch so aktuell wie zur Erstveröffentlichung 1946.

Upstream Petroleum Fiscal and Valuation Modeling in Excel

A Worked Examples Approach
Author: Kasriel,David Wood
Publisher: John Wiley & Sons
ISBN: 1118537696
Category: Business & Economics
Page: 376
View: 1774
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Please contact the authors at ahref="mailto:[email protected]"[email protected]/afor details of how to access the trial version of Crystal Ball, aswell as the Excel and other files which are *not* part of thee-book version download. "This is a book no deal team should be without. It is a must forthose involved in upstream oil and gas transactions, planning,budgeting, investment appraisal and portfolio management. Itsstep–by–step approach cuts through complexity, makingit comprehensive and understandable by a wide range of users with awide range of abilities. It can be used as a textbook, anintroductory primer or as a handbook that you can dip in and out ofor read cover to cover." —Michael Lynch–Bell, Senior Advisor, Oil &Gas, Ernst & Young LLP; ex-officio Chairman, UN Expert Group onResource Classification In the upstream petroleum industry, it is the value ofpost–tax cashflows which matters most to companies,governments, investors, lenders, analysts, and advisors.Calculating these cashflows and understanding their“behavior,” however, is challenging, as theindustry’s specialized fiscal systems can be complex,jargon–laden, and sometimes seem to be a “world oftheir own”. Upstream Petroleum Fiscal and Valuation Modeling in Excel: AWorked Examples Approach demystifies fiscal analysis which,unlike disciplines such as Earth sciences and engineering, can belearned from a book. Written in plain English for laymen and forexperienced practitioners alike, it is a reader–friendly,clear, practical, step–by–step hands–on guide forboth reference and self–paced study. The book does not catalogue the 100+ different petroleum fiscalregimes in use at the time of writing. Rather, drawing on theauthors’ combined 48 years’ experience, it takes a moretimeless, generic treatment, by covering the most commonvariants of royalties, taxation, production sharing arrangements,bonuses and abandonment funding , through a dual approach: first,showing how to model them in Excel , and then providinginteractive exercises to prompt (and answer) questions that analyzeimpacts on cashflows. In addition to the main text, the book consists of over 120Excel files (ranging from modular examples to full models) in Excel2007 and 2003 formats; over 400 pages of supplementary PDF files;VBA features to enhance model functionality; and an introduction torisk modeling with exercises for the included trial version ofOracle’s Crystal Ball software. It offers both a wealth ofcontent and models equal to or surpassing what is available fromfiscal modeling courses costing several times more; and greaterinsights into underlying calculations than commercially available“black box” fiscal software. New US Securities and Exchange Commission (SEC) rules plannedfor 2013 will force petroleum companies to disclose more fiscalinformation on an individual country basis. This will make it moreimportant than ever for analysts to understand how to model oil andgas terms and the potential impacts of the disclosed governmentpayments on future oil and gas company profitability. Due to the heavy use of graphics and cross references used inthis particular text, some readers might find that the printed bookoffers a more optimal reading experience than certain e-formatsparticularly with the Kindle eMobi format.

Investments to Improve the Energy Efficiency of Existing Residential Buildings in Countries of the Former Soviet Union


Author: Eric Martinot
Publisher: World Bank Publications
ISBN: 9780821340578
Category: Political Science
Page: 151
View: 9702
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In the 1990s, the issue of human resource development in Malaysia has gained prominence in public and private policy circles. Discussions center around training policy, where there are concerns about acute labor shortages, and around industrial development policy, which strives to maintain a skilled and well-trained workforce to increase competitiveness and attract foreign direct investment. But policymakers have been forced to make critical decisions on resource allocation and to design policies without access to comprehensive training data, especially from the private sector. This usually results in supply-oriented policies stemming from mismatches between skills supplied by public training institutions and those actually needed by industry. This report attempts to fill this information gap on private sector training as an aid in formulating training policies that are more demand-driven. The report contains rigorous analysis of private sector-led training and addresses the issue of whether firms in Malaysia underinvest in training. Data came from the Malaysia Economic Planning Units 1994-95 survey and analysis of 2,200 manufacturing firms. The survey elicited information on firm-sponsored training and on a wide range of firm attributes, including size, industry, local or foreign ownership, equipment technology, quality control systems, markets and exports, workforce characteristics, wages and other compensation, and production. The data document, for the first time, the incidence and characteristics of training in Malaysian industry, across firms of different sizes, ownership, and output profiles. The data create an unprecedented opportunity to study the critical links between training, new technology, and quality control. A joint publication of the World Bank, the United Nations Development Programme, and the Malaysia Economic Planning Unit.

Das Kapital des Staates

Eine andere Geschichte von Innovation und Wachstum
Author: Mariana Mazzucato
Publisher: Antje Kunstmann
ISBN: 395614001X
Category: Political Science
Page: 320
View: 671
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Freie Märkte, smarte junge Erfinder und Wagniskapital treiben die Wirtschaft voran; der Staat stört dabei nur und muss daher nach Kräften zurückgedrängt werden. Wie ein Mantra wird dieser oberste Glaubensartikel des Neoliberalismus seit Jahrzehnten wiederholt – aber stimmt er auch? Die Ökonomin Mariana Mazzucato, die seit Jahren über den Zusammenhang zwischen Innovation und Wachstum forscht, beweist das Gegenteil: Wann und wo immer technologische Innovationen zu wirtschaftlichem Aufschwung und Wohlstand geführt haben, hatte ein aktiver Staat die Hand im Spiel. Von der Elektrifizierung bis zum Internet – Motor der Entwicklung, oft bis zur Markteinführung, war stets der Staat. Apples Welterfolg gründet auf Technologien, die sämtlich durch die öffentliche Hand gefördert wurden; innovative Medikamente, für die die Pharmaindustrie ihren Kunden gern hohe Entwicklungskosten in Rechnung stellt, stammen fast ausnahmslos aus staatlicher Forschung. Innovationen und nachhaltiges Wachstum, das derzeit alle fordern, werden also kaum von der Börse kommen. Viel eher von einem Staat, der seine angestammte Rolle neu besetzt, sein einzigartiges Kapital nutzt und mit langem Atem Zukunftstechnologien wie den Ausbau erneuerbarer Energien vorantreibt. Ein brandaktuelles Buch, das die aktuelle Diskussion über die Zukunft der Wirtschaft und die Rolle des Staates vom Kopf auf die Füße stellt.

Economics and Management of Climate Change

Risks, Mitigation and Adaptation
Author: Bernd Hansjürgens,Ralf Antes
Publisher: Springer Science & Business Media
ISBN: 0387773533
Category: Business & Economics
Page: 304
View: 2952
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Climate change is one of the biggest challenges for mankind. Although there is increasing evidence that climate change is already occurring, there is neither sufficient knowledge as to what extent climate change poses risks to societies and companies, nor about adequate strategies to cope with these risks. Bringing together an international group of scholars from environmental economics, political science and business, this book describes, analyses and evaluates climate change risks and responses of societies and companies. The book contributes to the question of how climate change can be mitigated by discussing efficient and effective design of mitigation measures, in particular emissions trading and clean development mechanism (CDM). Placing special emphasis on the impact of climate change risks on business, the book investigates in which way selected sectors of the economy are affected and what measures they can undertake to adapt to climate change risks.

Risk Management

Challenge and Opportunity
Author: Michael Frenkel,Ulrich Hommel,Markus Rudolf
Publisher: Springer Science & Business Media
ISBN: 9783540226826
Category: Business & Economics
Page: 838
View: 4030
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Dealing with all aspects of risk management that have undergone significant innovation in recent years, this book aims at being a reference work in its field. Different to other books on the topic, it addresses the challenges and opportunities facing the different risk management types in banks, insurance companies, and the corporate sector. Due to the rising volatility in the financial markets as well as political and operational risks affecting the business sector in general, capital adequacy rules are equally important for non-financial companies. For the banking sector, the book emphasizes the modifications implied by the Basel II proposal. The volume has been written for academics as well as practitioners, in particular finance specialists. It is unique in bringing together such a wide array of experts and correspondingly offers a complete coverage of recent developments in risk management.

Der Blaue Ozean als Strategie

Wie man neue Märkte schafft, wo es keine Konkurrenz gibt
Author: W. Chan Kim,Renée Mauborgne
Publisher: Carl Hanser Verlag GmbH Co KG
ISBN: 3446448470
Category: Business & Economics
Page: 250
View: 7403
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Das Buch ist ein globales Phänomen. Es wurde 3,5 Millionen Mal verkauft, in rekordverdächtigen 43 Sprachen publiziert und ist auf 5 Kontinenten zum Bestseller geworden. Nun ist es in einer aktualisierten und erweiterten Auflage neu erschienen. - Der internationale Bestseller: Jetzt mit neuem Vorwort, neuen Kapiteln und aktualisierten Fallstudien - Ein Bestseller auf 5 Kontinenten - Weltweit mehr als 3,5 Millionen Bücher verkauft - In 43 Sprachen übersetzt - Ein Wall-Street-Journal-, Businessweek- und Fast-Company-Bestseller Der von Organisationen und Branchen auf der ganzen Welt hochgeschätzte Bestseller stellt alles in Frage, was wir bisher über die Voraussetzungen strategischen Erfolgs zu wissen glaubten. Der Blaue Ozean als Strategie, vertritt die Ansicht, dass ein brutaler Konkurrenzkampf nur dazu führt, dass sich die Konkurrenten in einem blutrot gefärbten Ozean um rapide schwindende Gewinnmöglichkeiten streiten. Basierend auf der Untersuchung von mehr als 150 strategischen Schachzügen (im Lauf von mehr als 100 Jahren und in mehr als 50 Branchen) vertreten die Autoren die Ansicht, dass nachhaltiger Erfolg nicht auf verschärftem Konkurrenzkampf, sondern auf der Eroberung »Blauer Ozeane« beruht: der Erschließung neuer Märkte mit großem Wachstumspotenzial. Der Blaue Ozean als Strategie präsentiert einen systematischen Ansatz, wie man Konkurrenz irrelevant macht, und legt Prinzipien und Methoden vor, mit der jede Organisation ihre eigenen Blauen Ozeane erobern kann. Diese erweiterte Auflage enthält: - Ein neues Vorwort der Autoren: Hilfe! Mein Ozean färbt sich rot. - Aktualisierungen der in dem Buch behandelten Fälle und Beispiele, indem ihre Geschichte bis in die Gegenwart weitervorfolgt wird. - Zwei neue Kapitel und ein erweitertes drittes Kapitel: Ausrichtung, Erneuerung und Red Ocean Traps. Sie behandeln die wichtigsten Fragen, die die Leser in den vergangenen zehn Jahren gestellt haben. Der bahnbrechende Bestseller stellt das bisherige strategische Denken auf den Kopf und entwirft einen kühnen neuen Weg in die Zukunft. Hier können Sie lernen, wie man neue Märkte erschließt, auf denen Konkurrenz noch keine Rolle spielt. "Das ist ein extrem wertvolles Buch." Nicolas G. Hayek, Verwaltungsratpräsident, Swatch Group "Ein Muss für Manager und Wirtschaftsstudenten." Carlos Ghosn, President und CEO, Nissan Motor Co., Ltd. "Die Strategien von Kim und Mauborgne sind nicht nur neu, sondern auch praxisnah. Wir haben sie in unserem Unternehmen mit großem Erfolg umgesetzt." Patrick Snowball, Chief Executive, Norwich Union Insurance Wenn Sie mehr über die innovative Kraft des Buches wissen wollen, besuchen Sie blueoceanstrategy.com. Dort finden Sie alle Mittel, die Sie brauchen: praktische Ideen und Fallbeispiele aus staatlichen Unternehmen und der Privatindustrie, Lehrmaterial, Mobile Apps, aktuelle Updates sowie Tipps und Tools, mit denen Sie Ihre Reise auf dem Blauen Ozean erfolgreich gestalten können.

The Oxford Handbook of the Macroeconomics of Global Warming


Author: Lucas Bernard,Willi Semmler
Publisher: Oxford University Press
ISBN: 0190204192
Category: Business & Economics
Page: 560
View: 8735
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The first World Climate Conference, which was sponsored by the World Meteorological Organization in Genève in 1979, triggered an international dialogue on global warming. From the 1997 United Nations-sponsored conference-during which the Kyoto Protocol was signed-through meetings in Copenhagen, Cancún, Durban, and most recently Doha (2012) and Warsaw (2013), worldwide attention to the issue of global warming and its impact on the world's economy has rapidly increased in intensity. The consensus of these debates and discussions, however, is less than clear. Optimistically, many geoscience researchers and members of the Intergovernmental Panel on Climate Change (IPCC) have supported CO2 emission reduction pledges while maintaining that a 2°C limit in increased temperature by the year 2100 is achievable through international coordination. Other observers postulate that established CO2 reduction commitments such as those agreed to at the Copenhagen United Nations Climate Change Conference (2009) are insufficient and cannot hold the global warming increase below 2°C. As experts theorize on precisely what impact global warming will have, developing nations have become particularly alarmed. The developed world will use energy to mitigate global warming effects, but developing countries are more exposed by geography and poverty to the most dangerous consequences of a global temperature rise and lack the economic means to adapt. The complex dynamics that result from this confluence of science and geopolitics gives rise to even more complicated issues for economists, financial planners, business leaders, and policy-makers. The Oxford Handbook of the Macroeconomics of Global Warming analyzes the economic impact of issues related to and resulting from global warming, specifically the implications of possible preventative measures, various policy changes, and adaptation efforts as well as the different consequences climate change will have on both developing and developed nations. This multi-disciplinary approach, which touches on issues of growth, employment, and development, elucidates for readers state-of-the-art research on the complex and far-reaching problem of global warming.

The Vega Factor

Oil Volatility and the Next Global Crisis
Author: Kent Moors
Publisher: John Wiley & Sons
ISBN: 1118077091
Category: Business & Economics
Page: 448
View: 6567
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How oil volatility is affecting the global political scene, and where the oil market is heading The world is rapidly moving towards an oil environment defined by volatility. The Vega Factor: Oil Volatility and the Next Global Crisis takes an in-depth look at the most important topics in the industry, including strategic risk, why traditional pricing mechanisms will no longer govern the market, and how the current government approaches have only worsened an already bad situation. Details the industry's players, including companies, traders, and governments Describes the priorities that will need to be revised, and the policies needed to achieve stability Explains how today's oil market is fundamentally different from the pre-crisis market Oil prices affect everyone. The Vega Factor explains the new international oil environment of increasing consolidation and decreasing competition, and reveals how consumers and investors can navigate price volatility and new government policies.

Public Policy in International Economic Law

The ICESCR in Trade, Finance, and Investment
Author: Diane Desierto
Publisher: OUP Oxford
ISBN: 0191026484
Category: Law
Page: 432
View: 4971
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States reject inequality when they choose to ratify the International Covenant on Economic, Social and Cultural Rights (ICESCR), but to date the ICESCR has not yet figured prominently in the policy calculus behind States' international economic decisions. This book responds to the modern challenge of operationalizing the ICESCR, particularly in the context of States' decisions within international trade, finance, and investment. Differentiating between public policy mechanisms and institutional functional mandates in the international trade, finance, and investment systems, this book shows legal and policy gateways for States to feasibly translate their fundamental duties to respect, protect, and fulfil economic, social and cultural rights into their trade, finance, and investment commitments, agreements, and contracts. It approaches the problem of harmonizing social protection objectives under the ICESCR with a State's international economic treaty obligations, from the designing and interpreting international treaty texts, up to the institutional monitoring and empirical analysis of ICESCR compliance. In examining public policy options, the book takes into account around five decades of States' implementation of social protection commitments under the ICESCR; its normative evolution through the UN Committee on Economic, Social and Cultural Rights, and the Committee's expanded fact-finding and adjudicative competences under the Optional Protocol to the ICESCR; as well as the critical, dialectical, and deliberative roles of diverse functional interpretive communities within international trade, finance, and investment law. Ultimately, the book shoes how States' ICESCR commitments operate as the normative foundation of their trade, finance, and investment decisions.

Earth and Mineral Sciences


Author: N.A
Publisher: N.A
ISBN: N.A
Category: Technology & Engineering
Page: N.A
View: 1551
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Rethinking Valuation and Pricing Models

Lessons Learned from the Crisis and Future Challenges
Author: Carsten S. Wehn,Christian Hoppe,Greg N. Gregoriou
Publisher: Academic Press
ISBN: 0124158757
Category: Business & Economics
Page: 622
View: 4315
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It is widely acknowledged that many financial modelling techniques failed during the financial crisis, and in our post-crisis environment many techniques are being reconsidered. This single volume provides a guide to lessons learned for practitioners and a reference for academics. Including reviews of traditional approaches, real examples, and case studies, contributors consider portfolio theory; methods for valuing equities and equity derivatives, interest rate derivatives, and hybrid products; and techniques for calculating risks and implementing investment strategies. Describing new approaches without losing sight of their classical antecedents, this collection of original articles presents a timely perspective on our post-crisis paradigm. Highlights pre-crisis best classical practices, identifies post-crisis key issues, and examines emerging approaches to solving those issues Singles out key factors one must consider when valuing or calculating risks in the post-crisis environment Presents material in a homogenous, practical, clear, and not overly technical manner